Yapı Kredi Bank Azerbaijan CJSC Concludes the Second Quarter of 2022 with Profit

In the second quarter of 2022, "Yapı Kredi Bank Azerbaijan" CJSC significantly increased its net profit compared to the same period last year, reaching AZN 1.361 million.

During the reporting period, the Bank’s total assets stood at AZN 383.8 million, while the loan portfolio amounted to AZN 220.9 million. Compared to year-end figures, total lending to customers increased by 26%, with business loans growing by 36%. The corporate loan portfolio rose compared to the same period of the previous year, reaching AZN 160 million in Q2 2022. Notably, the structure of this portfolio by economic sectors was dominated by the non-oil sector. 

As of 2022 year-to-date results, the Bank’s total capital after deductions increased to AZN 76.3 million. According to applicable laws, the minimum total capital requirement is AZN 50 million.

In Q2 2022, the Tier 1 capital adequacy ratio was 29%, and the total capital adequacy ratio was 31%. As a result, the Bank’s capital adequacy ratios were significantly above the regulatory standards set by the supervisory authority. For reference, the Central Bank mandates a minimum total capital adequacy ratio of 10%.

With its main shareholder being Koç Holding (Türkiye), the Bank continues to provide a wide range of services to customers through its branches in Baku and Sumgayit, a 24/7 Call Center (*0444), and Internet/Mobile Banking products.